L3Harris Technologies operates as an international communications and information technology company worldwide. The company operates through RF Communications, Integrated Network Solutions, and Government Communications Systems segments. The company was founded in 1916 and is based in Melbourne, Florida.
LHX Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for L3Harris Technologies Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that L3Harris Technologies Inc ranked in the 38th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 30.67%. As for the metrics that stood out in our discounted cash flow analysis of L3Harris Technologies Inc, consider:
LHX's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 32.28% of tickers in our DCF set.
As a business, L3Harris Technologies Inc experienced a tax rate of about 7% over the past twelve months; relative to its sector (Industrials), this tax rate is higher than only 24.4% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of L3Harris Technologies Inc? See CHRA, CODA, CHRW, FLS, and RSG.
In this article we will check out the progression of hedge fund sentiment towards L3Harris Technologies, Inc. (NYSE:LHX) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and […]
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L3Harris Technologies (NYSE:LHX) Chairman and CEO William M. Brown and Senior Vice President and Chief Financial Officer Jay Malave will participate in Bernstein’s 36th Annual Strategic Decisions Conference via audio call on Thursday, May 28, 2020.